Through out the 9 weeks of presentation from various guest speakers that they brought to us in different fields of technology, some interesting modern IT software/applications were shared and I now have a pretty diverse pool of understanding on these technologies and how it affects the real world of property developments. The following are the reflections from me;
Borce Demeski on GIS
It is interesting in GIS, the technology allows clients and project teams to work on a property development effectively in conducting location map, density reports. It helps the businesses to plan, analyse, gain insights on markets and assist businesses in decision-making process. Also accelerating the growth of the society and the capability to share information as a whole. The applications under GIS for example ArcGIS, MapInfo, Google Earth and ENVI Image Analysis have extended its branches (analyzing: population density, and the statistics based on the local area) to specifically help particular areas of needs across the country in different stages of property developments.
Tiim Peisley on Estate Master
Estate Master is a broad term in the areas of services they provide using the IT softwares such as DF DM and IA. The main goal is to help the clients and employees with easier adaptable spreadsheet functions, minimise errors, consistent, transparent and efficient that ultimately reduces risk factors to the minimum for parties involved in property developments/ managements. I think the most important asset in this software is the feasibility analysis. It gives the managers/ owners the key tools to assist decision-making processes. Particularly the scenario analysis, sensitivity and probability analysis strengths the investment, management and decision-making reports. It carry out information on whether the project is acceptable in terms of time value of money, investment returns, cover of expenses and potential growth rates or simple be rejected. It is effective and easily adaptable therefore I think there will be an increase to the users in Estate Master software.
Susan Feltaous and Carolyn Trickett on Sustainability and Property Asset Management
This weeks presentation tilted more towards the implementations of sustainable elements with property development. Since the vast destruction on our ecosystem, atmosphere and natural resources, it is like a wake up call for me to realise the amount of effort and technology that is out there for us to discover when it comes with putting sustainable elements into building design and construction. Susan and Carolyn presented also presented some interesting examples on the leading green developments in Australia. In addition, the BMS helps decision makers to focus on the best possible choices that assist the success of the business. For example, detailed information on decision-making process, optimistic business operations, apply control, minimize risks, and opportunity analysis. BMS uses the project data to monitor and put into sustainable (environmental) measures, maintenance (i.e. 24/7 ability to track and view the status of the work), reduce costs on bills, and ultimately increase the profitability of the business.
Allan Teale on RP Data
From the presentation presented by Allen Teale on RP data, I discovered it is important as it allows critical understanding on the property market relevant to sales providers and provided a platform for all information to appear at the same sequence.
Despite RP data may have some error with providing all their information accurately, there are still a great amount of helpful resources that could be found on the website. RP data provides insight on property data that helps over 100,000 people to decisions everyday. The data provided are updated daily through internal systems including CRM, sales reports by agents, Australian Property Monitors, Price Finder, and media research. The reason is to compare and complete the data from different state and suburbs to prevent from any loop holes.
Ryan Hanlen and Fawzi Soliman on BIM Cordination Technologies
BIM is very useful in the property industry. BIM allows model manager to interact with project team throughout the country and in the future there will be a further implication of information models into the regions to encourage same level of standards in different regions.
The influences of BIM is broad and they involve in the; interaction with construction processes, meeting the demand from customers of faster construction and less costs, providing accurate estimates and material measures to the site allowing fast construction proccess, it helps to reduce footprints and promote sustainability, allowing pipelines to install into places where we cannot see with 3D IT technologies, and lastly, help monitor and maintenance of the property.
Julian O’ Forio and Rick Benjamen on Chau Chuk Wing Building
The university of technology, Sydney’s business building Dr Chau Chak Wing is located at the old industrial site of Sydney CBD. It is one of the first international design in Australia by a Canadian American architect Frank Gehry. The project costs $20 million donated from Dr. Chau Chak Wing for the new faculty of Business at UTS. The site will be 13 stories with gross floor area of 15,470, including 1 basement parking for 21 vehicles and 116-bicycle parking. Through out the construction process, Lend and Lease ARUP incorporated a collaboration of database using digital tools including Strand, Rhino and AutoCad. Some distinctive elements of UDr Chau Chak Wing Building includes parametric links across disciplines, the structure is all related to one and other, geometric control of the building and adapting 3D technology of visualising the finished building. It is truly an integration of high level technologies when it comes to constructing this building.
Michael Parks on Hyway System and Enterprise BIM Initiative
I discovered from 2010 HY developed an in-house collaboration and information management platform called HY way using Microsoft SharePoint driven by CEO Joe Barr, Chairman and Chief Operating Officer and its team members. The main drive for Hyway to be so successful are influential by the adaptation towards new technologies and remaining a continuous open mind towards innovation. The company has been integrating systems to pride an intelligent reporting at different elements of operation through out the company. SharePoint were integrated as an informative platform with dashboards showing data from different sources to assist in decision-making process. The integration involved; Geographical and spatial database, allowing the company to better understand the partners and clients on the target project enhancing visual presentation. More over, it enabled linkage between information on data, design and visuals. So when the client ask about where they are at in the project, they are able to go online and get real-time data instead of making a phone call to the project manager and ask him/her for a report.
Caitlin Hintz on 5D Modeling and Creating Cost Certainty
It is interesting to know that time and cost became the determinations of how the technology is used in where and how. So 5D Modeling took the challenge and help the property industry to accelerate in its efficiency. In week 9, Caitlin Hintz mentioned the main goals of the business is to view at a holistic stand point and drives on innovative approach to projects and help organisations to be strategic, present the information more dynamic, holistic, results driven process, and speed up the developing and implementing process with new technologies. Lastly, I integrated an interesting case study found with South Bank Corporation on South Bank Boardwalk Redevelopment which helps to give a more direct idea of the impact from the technologies on real-time developments.
Chris Linning on BIM and Facilities Management on Sydney Opera House
It is interesting to discover how important information technology is driven into property development sectors. In this case, Sydney Opera House (SOH) has been successfully adapted for the operation part of SOH with BIM supporting its back and there were only alittle big of technical difficulties when converting the technology standards to new model environment. This has to thank for the IFC model in building data representation and management. The actual contributions form BIM towards operations on SOH are, Robust Geometry where SOH is being described with accurate geometry for measurements. Comprehensive and extensible object properties that really bring out meaning of the object allowing the users to use it as a common format.